Wednesday, January 14, 2026 - The NGX Pension Broad Index, which tracks pension-compliant
equities on the Nigerian Exchange, recorded a return of 59.72 per cent in 2025,
outperforming the broader market as measured by the NGX All-Share Index.
Data from the Exchange showed that the Pension Broad Index
closed the year at 2,917.84 points, rising from 1,826.89 points at the end of
2024. In comparison, the All-Share Index gained 51.19 per cent over the same
period, highlighting the stronger performance of equities eligible for pension
fund investment.
The Pension Broad Index comprises stocks that meet the
investment eligibility criteria set by the National Pension Commission, making
it a benchmark for Pension Fund Administrators seeking to comply with
regulatory requirements while pursuing competitive returns.
The index includes a diversified mix of equities across key
sectors such as financial services, telecommunications, consumer goods,
industrials and energy. Analysts said this broad sectoral exposure helped
support performance during a year marked by strong market activity and improved
investor sentiment.
The Pension Broad Index outperformed the All-Share Index by
more than 850 basis points in 2025, reinforcing the capacity of
pension-compliant equities to deliver strong, risk-adjusted returns over the
long term.
Market analysts noted that the performance underscores the
growing influence of pension assets in Nigeria’s capital market, as well as the
role of transparent, rules-based indices in supporting portfolio construction
and long-term retirement planning.
The Nigerian Exchange said it will continue to engage with the National Pension Commission and Pension Fund Administrators to promote market education, data analytics and the development of pension-focused investment products aimed at deepening participation in the equities market

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